The Effect of Credit Rating Changes on Common Stock Return-Evidence from the UK Market

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The Effect of Credit Rating Changes on Common Stock Return-Evidence from the UK Market

This paper works to study the abnormal price impact from the long-term issuers’ credit rating change announcement on the issuers’ stock in UK market in 2010-2018. Using a standard event study method, we employ several tests statistics on the excess return around the rating change date. The significa...

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Bibliographic Details
Main Author:	Wang, Xueying
Format:	Dissertation (University of Nottingham only)
Language:	English
Published:	2019
Subjects:	credit rating; common stock price response; UK market
Online Access:	https://eprints.nottingham.ac.uk/57427/

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